Deutsche Bank implements China’s new foreign currency framework
15 August 2025 China
Image: hallojulie/adobe.stock.com
Deutsche Bank (China) has implemented the new foreign currency cross-border liberalisation framework, Safe 1+, at its banking offices in Shanghai, Beijing, and Guangzhou.
It is the first European Union bank to apply the recommended reforms under SAFE’s 1+6 foreign currency policy structure.
SAFE’s 1+6 structure aims to simplify the foreign currency structures to facilitate more efficient compliance and foreign currency purchases for transnational corporations in China.
The bank has also improved the structure and uniformity of its transnational currency payment functions by merging current facilitation standards with the updated regulatory framework.
The new structure intends to enable a more effective and consistent model for cross-border transactions and FX conversions for big transnational organisations with in-house treasury functions.
Operation speed is upgraded with processing times for cross-border payments decreased from a number of days to a couple of minutes.
It also simplifies the method for corporations to record payment instructions with the bank and improves liquidity management.
Deutsche Bank uses fintech tools to give live transaction risk monitoring and its electronic documentation process to improve the productivity of transnational foreign currency processes.
Deutsche Bank China chief country officer, Rose Zhu, comments: “The implementation further strengthens our ability to deliver local execution, risk control, and compliance capabilities for our multinational clients.
“It will help them manage their cross-border operations and treasury functions in China more efficiently. We look forward to continuing to leverage our global network and local insights to serve as a vital financial bridge between China and major markets such as Europe.”
It is the first European Union bank to apply the recommended reforms under SAFE’s 1+6 foreign currency policy structure.
SAFE’s 1+6 structure aims to simplify the foreign currency structures to facilitate more efficient compliance and foreign currency purchases for transnational corporations in China.
The bank has also improved the structure and uniformity of its transnational currency payment functions by merging current facilitation standards with the updated regulatory framework.
The new structure intends to enable a more effective and consistent model for cross-border transactions and FX conversions for big transnational organisations with in-house treasury functions.
Operation speed is upgraded with processing times for cross-border payments decreased from a number of days to a couple of minutes.
It also simplifies the method for corporations to record payment instructions with the bank and improves liquidity management.
Deutsche Bank uses fintech tools to give live transaction risk monitoring and its electronic documentation process to improve the productivity of transnational foreign currency processes.
Deutsche Bank China chief country officer, Rose Zhu, comments: “The implementation further strengthens our ability to deliver local execution, risk control, and compliance capabilities for our multinational clients.
“It will help them manage their cross-border operations and treasury functions in China more efficiently. We look forward to continuing to leverage our global network and local insights to serve as a vital financial bridge between China and major markets such as Europe.”
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